Abu Dhabi – Mubasher: Al Ain Al Ahlia Insurance Co. (AAAIC) said it achieved a net profit of AED 43.5 million ($11.84 million) in the first six months of 2015, registering a drop of 33% from AED 65 million ($17.7 million) in H1-14.
Its profits plunged 76.7% to AED 6.57 million in Q2 this year, compared to AED 28.2 million in the same period last year, according to a filing to the Abu Dhabi Securities Exchange (ADX) on Thursday.
AAAIC previously registered a marginal increase of 0.4% in its net profits, reaching AED 37 million ($10.07 million) in Q1-15, compared to AED 36.8 million ($10.02 million) in the corresponding period in 2014.
